XML 27 R16.htm IDEA: XBRL DOCUMENT v3.25.1
BORROWINGS
 9 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
BORROWINGS BORROWINGS
Borrowings at March 31, 2025 and June 30, 2024 consisted of the following:
March 31,
2025		June 30,
2024
(In Thousands)
FHLB advances$1,028,976 $1,434,789 
Federal Reserve Bank Term Funding Program ("BTFP") borrowings— 100,000 
Overnight borrowings (1)
185,000 175,000 
Total borrowings$1,213,976 $1,709,789 
___________________________
(1)At March 31, 2025 and June 30, 2024 there were FHLB overnight line of credit borrowings of $185.0 million and $175.0 million, respectively.
Fixed rate advances from the FHLB of New York mature as follows:
March 31, 2025June 30, 2024
BalanceWeighted
Average
Interest Rate		BalanceWeighted
Average
Interest Rate
(Dollars in Thousands)
By remaining period to maturity:
Less than one year$829,000 4.41 %$1,328,500 5.25 %
One to two years— — 6,500 2.82 
Two to three years200,000 3.98 — — 
Three to four years— — 200,000 3.98 
Four to five years— — — — 
Greater than five years— — — — 
Total advances1,029,000 4.33 %1,535,000 5.07 %
Unamortized fair value adjustments(24)(211)
Total advances, net of fair value adjustments$1,028,976 $1,534,789 
At March 31, 2025, FHLB advances and overnight line of credit borrowings were collateralized by the FHLB capital stock owned by the Bank and mortgage loans with carrying values totaling approximately $3.29 billion. At June 30, 2024, FHLB advances and overnight line of credit borrowings were collateralized by the FHLB capital stock owned by the Bank and mortgage loans with carrying values totaling approximately $4.38 billion.
At March 31, 2025 there were no BTFP borrowings. At June 30, 2024, BTFP borrowings were secured by agency mortgage-backed securities with a par value of $113.5 million.